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Brazil's Soybean crushing is estimated to reach a record high of 53.5 million mt in 2023 from the previous month's estimate of 53.2 million mt, driven by greater demand for Soybean Oil and meal, according to the latest release (July 20) from the Brazilian Association of Vegetable Oil Industries (Abiove).
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The number of sugar mills concluding activities for the 2024/25 cane crushing season in Brazil's centre-south should increase in November, according to commodities trader Wilmar International, reports Sugaronline. ... Brazil's minister of Energy and Mining Alexandre Silveira said on Feb. 13 that it would be unreasonable for the US to apply a ...
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Cargill plans to expand cane crushing capacity in Brazil through a joint venture with local group Usina Sao Joao, to meet growing demand for ethanol, the U.S. agribusiness giant said on Monday .
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Net earnings posted by the largest agribusiness company in Brazil doubled to reach a record of R$2.5 billion in 2023. Net operating income increased slightly and totaled R$126.4 billion, also a record-high figure, as a result of sales of 51 million tonnes, almost 25% higher than in 2022.
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BRAZIL: Cane crush in north-northeast rises 2% to 50.8 million T – Novabio . 24th February 2025. Sugar mills in Brazil's north-northeast region have crushed 50.8 million metric tonnes of sugarcane so far in the 2024/25 season, through Jan. 31, up 2% from the same period last year, according to sugarcane industry association Novabio, reports Sugaronline.
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As a supportive factor for sugar prices, the International Sugar Organization (ISO) on August 30 forecasted 2024/25 global sugar production of 179.3 MMT, down -1.1% y/y from 181.3 MMT in 2023/24.
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The soybean crushing capacity in Brazil over the next three years is expected to increase at nearly twice the rate of the last three years according to Itau BBA's Agro Consulting. Itau BBA is tracking 13 new projects that will add 37,000 tons/day to Brazil's crushing capacity between 2025 and 2027, through new plants and
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According to Cargill, the transaction involves Granol soyabean and biodiesel crushing plants in Anápolis, Porto Nacional and Cachoeira do Sul, in addition to four warehouses in the states of Goiás and Tocantins. "The purchase intention is in line with Cargill's growth strategy in Brazil and Latin America," the company was quoted as saying.
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